Forex Trade Alert for AUD/USD

Australian Dollar.

02.06.2010.

The market is stalling. It may be wise to exit this trade. Market is holding below the 0.8733 level. 4xGenie Action: ==> Maintain short position. Price projection of 0.8655 has been reached. Stop at 0.9083. Wave C could drop down to 0.8300. NOTE: This is a very strong bearish sign with the lower pivot band falling lower and with today’s close below the lower pivot band. The CCI is below -100. This currency pair is oversold at this time.

The Aussie dollar is headed for a test of primary support against the greenback. Breakout below $0.8733 would signal a primary down-trend while respect would indicate another test of $0.8300. Bearish divergence on Momentum Oscillator (21-day) favors a down-trend.

4xGenie Support Team

Related articles by Zemanta

• Drawbacks Of Relative Strength Index (benzinga.com)

Tags: forex investment agents, forex charts linear regression, forex chart cell phone, forex news of australia, forex money managers, forex educational dvd\’s uk forex robots invergy forex forex charts forex http currency exchange forex trading tradingguideonline forex supply and demand cursos de forex inversion en forex mig forex currency trading-course forex trading tradingguideonline forex broker demo mini account metatrader best brokers for the forex markets forex multinivel inversiones learn to trade forex forex curso formacion learn forex learning to trade forex forex system forex trading currency strategies tradingguideonline what is forex rsi forex forums, forex avenger

Tweet This Post